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Mr Fazzolari appointed as chairman and CEO of Harsco
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Wednesday, 23 Apr 2008
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Following the completion of today’s 53rd Annual Meeting of Stockholders, the Board of Directors of Harsco Corporation announced the appointment of Mr Salvatore D Fazzolari as chairman & CEO of the Company, succeeding Mr Derek C Hathaway upon his retirement which became fully effective April 22nd 2008. Mr Fazzolari was appointed CEO effective January 1st 2008.

Addressing stockholders at the Annual Meeting, Mr Fazzolari reaffirmed the Company’s continuing growth outlook as a leading worldwide industrial services organization, saying that, based on its continuing strong end markets, numerous international expansion opportunities, and its enterprise wide process optimization initiatives, the Company expects another record year in 2008. Reflecting these expectations, the Company earlier today raised its full year 2008 guidance for diluted earnings per share from continuing operations to a new range of USD 3.45 to USD 3.55 per diluted share, up from the previous range of USD 3.40 to USD 3.50 per diluted share. Using the mid point of the increased guidance, this represents a 16% improvement in diluted EPS for 2008 over 2007.

Mr Fazzolari also highlighted to stockholders Harsco’s increasing global balance and additional international scalability, as the Company continues to execute its strategic objectives for international growth and market expansion. International markets accounted for nearly 70 percent of Harsco’s total revenues in 2007. The Company sees significant opportunities ahead within numerous international markets, including the growing economies within Latin America, Eastern Europe, Asia/Pacific and the Middle East/Africa.

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